The financial and banking environment is presently undergoing major changes. This book guides towards a greater understanding of the European banking regulatory environment, its impacts on the internal control and the internal audit function within banking organisations. The Banking Advisory Group of the ECIIA highlights topics such as Corporate Governance, the role of the Audit Committee, the positioning of Internal Audit within the Organisation and the necessary audit approach adopted by multinational banking entities. A list of thirteen recommendations recaps the important points of this book.